Diamond Offshore Drilling (FRA:DO10) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is Diamond Offshore Drilling COGS-to-Revenue?

Diamond Offshore Drilling's Cost of Goods Sold for the three months ended in Mar. 2024 was €212 Mil. Its Revenue for the three months ended in Mar. 2024 was €253 Mil.

Diamond Offshore Drilling's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Diamond Offshore Drilling's Gross Margin % for the three months ended in Mar. 2024 was 15.94%.

Diamond Offshore Drilling COGS-to-Revenue Historical Data

The historical data trend for Diamond Offshore Drilling's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Diamond Offshore Drilling COGS-to-Revenue Chart

Diamond Offshore Drilling Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

1.33

1.00

0.89

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.94	0.91	0.93	0.79	0.84

Diamond Offshore Drilling COGS-to-Revenue Calculation

Diamond Offshore Drilling's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	859.46	/	968.516
	=	0.89

Diamond Offshore Drilling's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	212.359	/	252.641
	=	0.84

Diamond Offshore Drilling (FRA:DO10) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Diamond Offshore Drilling's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	212.359 / 252.641
	=	15.94 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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Diamond Offshore Drilling (FRA:DO10) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (FRA:DO10) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

DO:USA

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.

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